|
Report Date : |
22.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
BIO-CAPS INDIA LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.03.2003 |
|
|
|
|
Com. Reg. No.: |
21-095890 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 34.012 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239WB2003PTC095890 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALB04939E |
|
|
|
|
Legal Form : |
Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturers of Empty Hard Gelatin Capsules. |
|
|
|
|
No. of Employees
: |
Not Available [Not able to
contact the company on the available number.] |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor Sick Company |
|
|
|
|
Payment Behaviour : |
Delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company which is already registered in the register with
“Board of Industrial and Financial Reconstruction”. There appear huge accumulated losses for past some years which resulted
in complete erosion of its net worth. External borrowing seems to be huge.
The company is declared as a sick unit. Payment terms are reported as delayed. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office / Factory : |
|
|
Tel. No.: |
91-33-2283-9316/17/18 / 22487028 |
|
Fax No.: |
91-33-2289-0094 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
New Delhi Office : |
L-83A, Malviya Nagar, New Delhi-110017, India |
|
Tel. No.: |
91-11-26673590 |
|
Fax No.: |
91-11-26682460 / 2158 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ajit Agarwal |
|
Designation : |
Director |
|
Address : |
7/1 B, Rainey park, 3 E Shivam Apartments, Kolkata – 700019, West Bengal,
India |
|
Date of Birth/Age : |
04.10.1974 |
|
Date of Appointment : |
06.03.2003 |
|
DIN No.: |
00333853 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45309WB2000PTC092225 |
NETWORK
INFRASTRUCTURE PRIVATE LIMITED |
Director |
02-08-00 |
02-08-00 |
05-07-10 |
Active |
NO |
|
2 |
U24239WB2003PLC095890 |
BIO-CAPS
INDIA LIMITED |
Director |
06-03-03 |
06-03-03 |
- |
Active |
NO |
|
3 |
U45201WB2003PTC096495 |
VAISHNO
ENCLAVES PRIVATE LIMITED |
Director |
30-06-03 |
30-06-03 |
- |
Active |
NO |
|
4 |
U24239WB2004PTC099487 |
V3
BIOTECHNOLOGIES PRIVATE LIMITED |
Director |
18-08-04 |
18-08-04 |
20-02-12 |
Active |
NO |
|
5 |
U19201WB2005PLC101090 |
TRANSTEL
INFRASTRUCTURE LIMITED |
Director |
11-01-05 |
11-01-05 |
07-07-07 |
Active |
NO |
|
6 |
U70101WB2005PTC101889 |
M L
A ENCLAVES PRIVATE LIMITED |
Director |
25-02-05 |
25-02-05 |
31-01-07 |
Active |
NO |
|
7 |
U45201WB2003PTC097039 |
MANJU
ESTATES PRIVATE LIMITED |
Director |
15-06-05 |
15-06-05 |
- |
Active |
NO |
|
8 |
U51397WB2005PLC106724 |
V3
INTERNATIONAL LIMITED |
Director |
16-12-05 |
16-12-05 |
07-07-07 |
Active |
NO |
|
9 |
U74930WB2005PTC102041 |
CLEANTECH
MANAGEMENT SERVICES PRIVATE LIMITED |
Director |
02-02-06 |
02-02-06 |
07-07-07 |
Active |
NO |
|
10 |
U45201WB2002PTC094795 |
AXIS
INFRASTRUCTURE PRIVATE LIMITED |
Director |
27-12-06 |
27-12-06 |
31-01-07 |
Active |
NO |
|
11 |
U70100WB2010PTC154472 |
NIPL
INFRA PROJECTS PRIVATE LIMITED |
Director |
18-02-11 |
18-02-11 |
20-08-12 |
Active |
NO |
|
Name : |
Mr. Rajendra Kumar Sonthalia |
|
Designation : |
Director |
|
Address : |
FE-83 Sector III, |
|
Date of Birth/Age : |
02.01.1953 |
|
Date of Appointment : |
06.03.2003 |
|
DIN No.: |
00454395 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24239WB2003PLC095890 |
BIO-CAPS
INDIA LIMITED |
Director |
06-03-03 |
06-03-03 |
- |
Active |
NO |
|
2 |
U45201WB2003PTC096495 |
VAISHNO
ENCLAVES PRIVATE LIMITED |
Director |
30-06-03 |
30-06-03 |
- |
Active |
NO |
|
3 |
U24239WB2004PTC099487 |
V3
BIOTECHNOLOGIES PRIVATE LIMITED |
Director |
18-08-04 |
18-08-04 |
20-02-12 |
Active |
NO |
|
4 |
U24121WB1997PTC085622 |
VAIBHAV
LAXMI CHEMICALS PRIVATE LIMITED |
Director |
25-06-07 |
25-06-07 |
- |
Active |
NO |
|
5 |
U70101WB1994PTC062263 |
SHREE
SHIROMANI PROJECT PRIVATE LIMITED |
Director |
15-02-11 |
15-02-11 |
- |
Active |
NO |
|
Name : |
Mr. Tarashankar Bhattacharya |
|
Designation : |
Director |
|
Address : |
Kalipur, Milani, Garalgacha, District- Hooghly, Kolkata- 712708, West |
|
Date of Birth/Age : |
02.02.1969 |
|
Date of Appointment : |
18.04.2009 |
|
DIN No.: |
01617079 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U45201WB2003PTC097039 |
MANJU
ESTATES PRIVATE LIMITED |
Director |
04-07-07 |
04-07-07 |
- |
Active |
NO |
|
2 |
U19201WB2005PLC101090 |
TRANSTEL
INFRASTRUCTURE LIMITED |
Director |
04-07-07 |
04-07-07 |
30-05-08 |
Active |
NO |
|
3 |
U24239WB2003PLC095890 |
BIO-CAPS
INDIA LIMITED |
Additional
director |
18-04-09 |
18-04-09 |
- |
Active |
NO |
|
4 |
U45309WB2000PTC092225 |
NETWORK
INFRASTRUCTURE PRIVATE LIMITED |
Director |
11-07-11 |
19-01-10 |
21-08-12 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Ajit Agarwal |
1300 |
|
Rajendra Kumar Sonthalia |
19515 |
|
Murari Lal Agarwal |
2250 |
|
Anurag Sonthalia |
4875 |
|
Globe Enterprises, India |
3325 |
|
Jaydeb Manick |
1000 |
|
Brojendra Kumar Paul |
1600 |
|
R. L. Agarwal and Sons (HUF) |
250 |
|
R.G Agrawal and Sons HUF |
250 |
|
Upendra Singh |
560 |
|
Nidhi Poddar |
400 |
|
Rakesh Agarwal |
150 |
|
Ashok Agarwal |
150 |
|
Ram Gopal Agarwal |
350 |
|
Suraj Lal |
360 |
|
Usha Agarwal |
150 |
|
Manju Estates Private Limited, India
|
89645 |
|
Vaishno Enclaves Private Limited, India |
78307 |
|
Rupesh Agarwal |
100 |
|
Manish Dhanuka |
320 |
|
Vaibhav Laxmi Chemicals Private Limited |
44010 |
|
Santosh Agarwal |
180 |
|
Draupadi Agarwal |
170 |
|
Nisha Agrawal |
320 |
|
Rakhi Agarwal |
390 |
|
Deepon Sen |
280 |
|
Bahadur Doshi |
180 |
|
Kamala Devi Doshi |
180 |
|
Girish Dugar |
170 |
|
Yogita Sethia |
160 |
|
Sounitra Mukherjee |
170 |
|
Shanti Maheshwari |
160 |
|
Manju Debnath |
170 |
|
Mitali Khamaru |
160 |
|
Anuja Guha |
160 |
|
Sunil Kumar Surekha |
200 |
|
Babita Doshi |
160 |
|
Inchok Tracon Private Limited, India
|
5700 |
|
Krudh Viniyog Private Limited, India
|
7650 |
|
V3 Biotechnologies Private Limited, India |
30100 |
|
MLA Enclaves Private Limited, India
|
37930 |
|
Rose Capital Limited, India |
3333 |
|
Probhudhan Travels Limited, India
|
3333 |
|
TOTAL
|
340123 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
79.36 |
|
Directors or relatives of Directors |
8.21 |
|
Other top fifty shareholders |
12.43 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Empty Hard Gelatin Capsules. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available [Not able to
contact the company on the available number.] |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
UCO Bank, Flagship Corporate Center (IFB), MC Leod
House, 3, Netaji Subha Road, Kolkata-700001, West Bengal, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Biyala and Associates Chartered Accountant |
|
Address : |
48/1, Rose Mary Lane, 4th Floor, Flat No.404,
Howrah-711101, West Bengal, India |
|
Tel. No.: |
91-33-22130051 / 1113 |
|
Mobile No.: |
91-9830237694 |
|
E-Mail : |
|
|
PAN No.: |
AHCPB3215F |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
353000 |
Equity Shares |
Rs.100/- each |
Rs. 35.300 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
340123 |
Equity Shares |
Rs.100/-
each |
Rs. 34.012
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
34.012 |
34.012 |
|
(b) Reserves & Surplus |
|
(97.512) |
(94.373) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(63.500) |
(60.361) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
194.566 |
202.054 |
|
(b) Deferred tax liabilities (Net) |
|
7.438 |
7.438 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
202.004 |
209.492 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
4.970 |
4.970 |
|
(b) Trade payables |
|
3.535 |
19.011 |
|
(c) Other current
liabilities |
|
20.567 |
2.647 |
|
(d) Short-term provisions |
|
0.389 |
0.120 |
|
Total Current Liabilities (4) |
|
29.461 |
26.748 |
|
|
|
|
|
|
TOTAL |
|
167.965 |
175.879 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
98.516 |
92.771 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
98.516 |
92.771 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
9.365 |
8.770 |
|
(c) Trade receivables |
|
40.427 |
36.596 |
|
(d) Cash and cash
equivalents |
|
3.369 |
2.449 |
|
(e) Short-term loans and
advances |
|
16.288 |
35.293 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
69.449 |
83.108 |
|
|
|
|
|
|
TOTAL |
|
167.965 |
175.879 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
34.012 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
66.025 |
|
|
4] (Accumulated Losses) |
|
|
(154.500) |
|
|
NETWORTH |
|
|
(54.463) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
202.234 |
|
|
2] Unsecured Loans |
|
|
4.970 |
|
|
TOTAL BORROWING |
|
|
207.204 |
|
|
DEFERRED TAX LIABILITIES |
|
|
7.438 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
160.179 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
106.643 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
6.679 |
|
|
Sundry Debtors |
|
|
32.004 |
|
|
Cash & Bank Balances |
|
|
3.012 |
|
|
Other Current Assets |
|
|
5.576 |
|
|
Loans & Advances |
|
|
28.228 |
|
Total
Current Assets |
|
|
75.499 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
19.651 |
|
|
Other Current Liabilities |
|
|
2.312 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
21.963 |
|
|
Net Current Assets |
|
|
53.536 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
160.179 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
83.827 |
64.917 |
70.694 |
|
|
|
Other Income |
0.867 |
7.581 |
1.387 |
|
|
|
TOTAL (A) |
84.694 |
72.498 |
72.081 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
56.669 |
50.915 |
40.524 |
|
|
|
Employee Benefit Expenses |
8.693 |
9.447 |
0.000 |
|
|
|
Other Administrative Expenses |
9.589 |
5.561 |
19.718 |
|
|
|
Changes in Inventories |
(0.595) |
(2.090) |
5.280 |
|
|
|
TOTAL (B) |
74.356 |
63.833 |
65.522 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.338 |
8.665 |
6.559 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.464 |
0.230 |
0.271 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.874 |
8.435 |
6.288 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.014 |
14.333 |
15.691 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(3.140) |
(5.898) |
(9.403) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(3.140) |
(5.898) |
(9.403) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(160.398) |
(154.500) |
(145.097) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(163.538) |
(160.398) |
(154.500) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(9.23) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(3.71)
|
(8.14) |
(13.05) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(3.75)
|
(9.09) |
(13.30) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.87)
|
(3.35) |
(5.16) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.10 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(3.14)
|
(3.42) |
(3.80) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.36
|
3.11 |
3.44 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Unsecured Loan |
4.970 |
4.970 |
|
|
|
|
|
TOTAL |
4.970 |
4.970 |
NOTE
The Register Office of the company has been shifted from Durgapur
Expressway, Mallarber, Dankuni, Kolkata- 712205, West,
BUSINESS OPERATION
During
the year the company suffered loss of Rs. 3.140 Millions as compared from
previous year loss of Rs. 5.898 Millions. The company is already registered in
BIFR. However, the director expects a much better result in the ensuing year.
FIXED ASSETS
·
Collod Mill
·
Laboratory Equipment
·
Workshop Equipment
·
Cleaning Machine Accessories
·
Air Conditioner
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.79 |
|
|
1 |
Rs. 91.03 |
|
Euro |
1 |
Rs. 78.52 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.